The purpose of this paper is to determine the role of governments in developing a national innovation system with an emphasis on technology and entrepreneurship. Specifically,the study focuses on the economy of Singapore. Three features of innovation-based growth strategy are considered: (1) a...

Singapore introduced a vehicle quota system (VQS) in 1990 as part of its overall policy to control urban congestion. While the VQS has reduced the annual growth rate of the vehicle population to about 3 per cent, it has created uncertainty in the cost of vehicle ownership due to the fluctuations...